The FDIC Advisory Committee on Community Banking met this week to cover a number of topics relevant to the industry. On the agenda were the particularly hot items of vendor management, social media and cybersecurity.
While final details on the meeting are yet to be published, the Community Banking Advisory Committee’s agenda did include an segment addressing social media guidance, something that is thought to published sometime in the near future. Social media has been a hot item since January, when the Federal Financial Institutions Examination Council first published its proposed guidance on social media. The 60 day commenting period on that guidance has since come and gone, with nary a word on the final guidance. One can’t help but speculate whether the FDIC’s discussion on social media addressed any changes or timelines for the final rules.